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15 Jan 2015

Govt Surplus

I'm reading Steve Keen in Forbes. One of the points seems to be that running a sustained government surplus means the government taking more from the public than it gives back in services. This is not even sensible Neoliberalism!

If the government sector is running a surplus then the private sector will have to operate with a deficit, either by running down sayings, or running up debt or some combination of both.

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This Blog is about other ways of looking at the Global Financial Collapse, now also being called the Second Great Depression, mainly focused on the UK. It is by and for non-economists, but informed by the work of economists who saw the danger and were ignored.

Something is seriously wrong in the state of economics and politics. They've driven us into a ditch and won't let go of the steering wheel. Things are much worse now than in the First Great Depression. We need some new ideas, and preferably from people who understand the real economy.

If nothing changes we face a generation of Economic Depression.

Business policy has become political policy; and business values have become social values. We need to reverse this!